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INDIAN SOURCES ON-LINE | |
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SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) |
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PROFILE
Small Industries Development Bank of India (SIDBI) was established in April 1990 under an Act of Indian Parliament as a wholly-owned subsidiary of Industrial Development Bank of India. SIDBI has since completed 8 years of service to the small scale sector. As at March 31, 1998, SIDBI had a total staff strength of 861 comprising of 685 professionals and 176 support staff.
Thrust on technology development and modernisation in SSIs- A unit assisted under ISO-9000 Series Certification SchemeSIDBI's statute provides that it should serve as the principal financial institution for:
- Promotion
- Financing and
- Development of industry in the small scale sector and
- Co-ordinating the functions of other institutions engaged in similar activities.
SIDBI became operational on April 2, 1990.
The Small Scale Industry (SSI) sector, which is a vibrant and dynamic sub-sector of the India's industrial economy, comprises the area of SIDBI's business. The contribution of the SSIs in terms of production, employment and export earnings has been significant. The objectives of Government policy have been to impart vitality and growth impetus to the sector by removing bottlenecks that affect the growth potential. In the liberalised era and emerging economic scenario, the sector is assured of continued support.
RANGE OF SERVICES
SIDBI REFINANCES:
- Loans granted by PLIs for new SSI projects and for expansion, technology upgradation, modernisation, quality promotion.
- Loans sanctioned by PLIs to small road transport operators, qualified professionals for self-employment, small hospitals and nursing homes and to promote hotels and tourism-related activities.
SIDBI DIRECTLY FINANCES:
- SSI units for new/expansion/diversification/modernisation projects.
- Marketing development projects which expand the domestic and international marketability of SSI products.
- Existing well-run SSI units and ancillaries/sub-contracting units/ vendor units for modernisation and technology upgradation.
- Infrastructure development agencies for developing industrial areas.
- Leasing and hire purchase companies for offering leasing/hire purchase facilities to SSI units.
- Existing export-oriented units to enable them to acquire ISO-9000 Series Certification
SIDBI HELPS:
- SSIs to obtain credit rating from accredited credit rating agencies
SIDBI PROVIDES FOREIGN CURRENCY LOANS TO:
- Import equipment by existing export-oriented SSIs and new units having definite plans for entering export markets.
- Execute confirmed export orders by way of pre-shipment credit/letter of credit and provides post-shipment facilities.
SIDBI's VENTURE CAPITAL FUND PROVIDES ASSISTANCE TO:
- Small scale entrepreneurs using innovative indigenous technology and expertise.
LINES OF CREDIT ARE ESTABLISHED BY SIDBI IN FAVOUR OF:
- State Financial Corporations
- State Small Industries Development Corporations for supplying raw material and extending marketing support to SSI units.
- Factoring Companies to factor receivables of SSIs.
- Commercial banks to cover their pre-shipment credit in foreign currency of SSI exporters.
- Merchant Banks for supporting equity issues of SSIs on Over The Counter Exchange of India.
DEVELOPMENT AND SUPPORT SERVICES BY SIDBI ARE FOCUSED AT:
- Enterprise promotion with emphasis on rural industrialisation
- Human Resource Development of the SSI sector
- Technology Upgradation
- Special Emphasis Programmes - Quality and Environment Management and
- Information Dissemination
Programmes implemented for Enterprise promotion include:
- Micro Credit Scheme
- Rural Industries Programme
- Mahila Vikas Nidhi
- Entrepreneurship Development Programme
Programmes for Human Resource Development of the SSIs:
SIDBI supports the reputed management and technical institutions spread throughout the country to conduct.
- Small Industries Management Assistance Programme (SIMAP)
- Skill-cum-Technology Upgradation Programme (STUP)
A group of entrepreneur receiving training under STUPWhile the SIMP is aimed at providing to SSIs a trained cadre of managers, STUP seeks to offer skill development opportunity to owners/senior managers of SSIs. Programmes for Technology Upgradation include:
- Technology upgradation in identified industry clusters
- Technology Transfer
- Quality Enhancement
Quality and Environment Management programmes include support to programmes and workshops on quality management techniques and assistance to create awareness among the SSIs for abatement of environmental pollution.
Information Dissemination initiatives aim at promoting new units by identification and publicity of viable project ideas and business opportunities through :
- Publication of Project Profiles
- Broadcasting Udyog Sadhana Radio Programme
- Production of video films on various entrepreneurship themes and telecasting them through electronic media.
RANGE OF SERVICES
INSTITUTIONAL BUILDING:
SIDBI Co-promoted
- Factoring Companies
- Technology Bureau of Small Enterprises
- North Eastern Development Finance Corporation Ltd.
- IDBI Bank Ltd.
- Indian Institute of Entrepreneurship, Guwahati
SPECIAL PURPOSE FUNDS IN SIDBI
- National Equity Fund
- Mahila Vikas Nidhi
- Mahila Udyam Nidhi
- Venture Capital Fund
- Technology Development and Modernisation Fund
- Marketing Development Assistance Fund with special earmarked corpus for women.
Contact us at
:  WEB SITE : http://www.sidbi.com HEAD OFFICE: |
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